Fino Payments Bank Shares Price: Fino Payments Bank IPO was subscribed 2.03 times on the last day of IPO.
Fino Payments Bank Shares made its debut on Friday, which is listed at a discount of over 5% approx at ₹544 per share on the NSE as compared to its IPO issue price of ₹577 apiece.
Fino Payments Bank share price on BSE started trading at ₹548 per share on its listing.
Fino Payments Bank Shares Price Listed at 5% Discount Which is Rs. 544
The IPO of Fino Payments Bank subscribed 2.03 times on the last day of subscription which is opened on October 29 and closed on November 1.
The ₹1,200-crore IPO received bids for 2,32,46,150 shares against 1,14,64,664 shares on offer, according to data available with the NSE.
Fino Payments Bank IPO had a fresh issue of up to ₹300 crore and an offer for sale of up to 1,56,02,999 equity shares. The company would use proceeds from the fresh issue towards augmenting the bank’s tier-1 capital base to meet its future capital requirements.
The Fino Payments Bank share price range for the offer was at ₹560-577 per share. Fino Payments
Bank had has garnered ₹539 crore from anchor investors ahead of its initial share sale. Axis Capital, CLSA India, ICICI Securities and Nomura Financial Advisory and Securities were the managers of the offer.
Fino Payments Bank has built a pan-India presence with 724,671 merchants (own and API) as of June 30, 2021 which are typically located in Tier-2 and Tier-3 towns.
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What is the Fino Payment Bank Share Name At NSE And BSE?
Fino Payment Bank Share Name Or Symbol is FINOPB
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